Addu International Airport Suffered A Net Loss Of MVR 6.7 Million In The First Quarter of 2021
Addu International Airport generated revenue of MVR 26.3 in the first quarter of 2021 according to performance analysis by the Privatization and Corporatization Board.
AIA’s revenue increased by 39% in comparison to the previous quarter with main revenue achieved from jet fuel sales (61%).
National airline Maldivian primarily operates scheduled domestic flights to the airport operating 111 flights in the first quarter of 2021.
No international operator flew any flights to the airport during this period however the airport received 168 international Adhoc flights which was a significant increase as the airport catered for only 33 of such flights in the first quarter of 2020.
Overall, the company suffered a net loss of MVR 6.7 million however this is a major improvement over the MVR 35 million loss in Q4 2020.
The airport received significant growth in private jet aircraft arrivals breaking the record of most jet aircraft (35) in a single day during December 2020.
The majority of these aircraft arrive at AIA for parking due to the higher costs at Velana International Airport.
Flights operated to the AIA increased during the last few weeks with demand in local air travel that came along with the school holidays.
National airline Maldivian was operating the larger Airbus to AIA to cater for the demand.
Although, as of now there are no indications of any international scheduled flight operations to AIA.
Sri Lankan airlines last operated international scheduled flights to the airport from Colombo, Sri Lanka, closing the route during the pandemic with no indication of a restart.